Lionsgate Studios (NYSE:LION) Hits New 12-Month High - Time to Buy?

Key Points

• Lionsgate hit a new 52-week high of $11.16 on Monday with about 2.15 million shares traded, up from a prior close of $10.88.
• Analyst coverage is mixed but consensus is a Moderate Buy with an average price target of $10.05, while several firms maintain Buy/Outperform calls (e.g., Barrington $11.50, Morgan Stanley $11.00, Citigroup raised to $11.00) and one firm still rates it a Sell.
• The company missed quarterly EPS (reported -$0.07 vs. -$0.02 expected) but beat revenue at $724.3M, and the stock carries a market cap of $3.2B with a negative P/E of -12.99.

Lionsgate Studios Corp. (NYSE:LION - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $11.16 and last traded at $11.16, with a volume of 2154764 shares trading hands. The stock had previously closed at $10.88.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barrington Research restated an "outperform" rating and set a $11.50 target price on shares of Lionsgate Studios in a research report on Friday, February 6th. Zacks Research upgraded shares of Lionsgate Studios from a "strong sell" rating to a "hold" rating in a research report on Monday, January 5th. Morgan Stanley restated an "overweight" rating and set a $11.00 target price on shares of Lionsgate Studios in a research report on Friday, February 6th. Citigroup upped their target price on shares of Lionsgate Studios from $9.00 to $11.00 and gave the company a "buy" rating in a research report on Monday, March 23rd. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Lionsgate Studios in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $10.05.

Lionsgate Studios Stock Performance

The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of -12.99 and a beta of -0.48. The business's 50-day moving average is $9.33 and its two-hundred day moving average is $8.24.

Lionsgate Studios (NYSE:LION - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.05). The company had revenue of $724.30 million for the quarter, compared to analyst estimates of $706.03 million. Analysts forecast that Lionsgate Studios Corp. will post 0.08 EPS for the current year.

Institutional Trading of Lionsgate Studios

A number of hedge funds have recently modified their holdings of LION. Osaic Holdings Inc. raised its position in shares of Lionsgate Studios by 4,852.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,952 shares of the company's stock valued at $29,000 after acquiring an additional 4,852 shares during the period. GAMMA Investing LLC raised its position in shares of Lionsgate Studios by 99.3% in the 4th quarter. GAMMA Investing LLC now owns 3,559 shares of the company's stock valued at $32,000 after acquiring an additional 1,773 shares during the period. CIBC Private Wealth Group LLC bought a new stake in Lionsgate Studios during the 3rd quarter worth approximately $38,000. Caitong International Asset Management Co. Ltd bought a new stake in Lionsgate Studios during the 4th quarter worth approximately $44,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Lionsgate Studios during the 4th quarter worth approximately $55,000.

Lionsgate Studios Company Profile

Lionsgate Studios, operating under the ticker NYSE:LION, is a leading global entertainment company specializing in the production, acquisition and distribution of motion pictures, television programming and digital content. Headquartered in Santa Monica, California, and with additional operations in Vancouver, the company develops, finances and markets feature films that span a wide range of genres—from major franchise hits like The Hunger Games and John Wick to independent and specialty titles.

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